Mercantilism

A detailed Summary of Mercantilism


In attempt to gain wealth and power, Great Britain started to enforce the theory of mercantilism. Their motive was to increase their prosperity using their colonies. They expected the colonies to provide them with goods and to only buy British goods in return. As a result of this attempt, the colonies were actually the ones who were benefiting from mercantilism the most. The colonies benefited economically, socially, and politically. Due to the Navigation Laws, the English were restricted only to trade with England, which lead the colonists to smuggling for profits. Americans enjoyed the rights of pure Englishmen. The colonists gained opportunities to form self-governments.

Due to the Navigation Laws, the English were restricted only to trade wi


American colonists enjoyed the pure rights if Englishmen. England gave unity to its policies and was working to help the welfare of the whole empire. The colonists were allowed the same rights of those in England, although many things were different in America. Americans were not required to pay a tax for their military support unlike the English people. The mercantilist theory supported the colonies better. The average colonist was better off economically than the average English person.

Even though mercantilism was intended to increase Great Britain's wealth and power it really in turn was more favorable for the colonies. They benefited economically, socially, and politically. Through the mercantilist theory the colonists gained economic i

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Approximate Word count = 509
Approximate Pages = 2 (250 words per page double spaced)

Category: History

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